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Offshore Supply Vessels Market 2018 Future Trends by Top Manufactures: Gulf Mark, Maersk Supply Service, Farstad Shipping Offshore Simulation Centre Pty Ltd, Hornbeck Offshore, Edison Chouest Offshore, Tidewater Marine, BOURBON OFFSHORE SURF, DOF Subsea,

09-27-2018 12:21 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Research for Markets

Offshore Supply Vessel

Offshore Supply Vessel

Offshore Supply Vessel (OSV) is a sea motor vessel used for transmitting cargos, goods, supplies, crews, and offshore exploration and production equipment across oil platforms. OSV supports marine offshore drilling activities through the transportation of offshore energy resources, and it also facilitates oil rigs installation process. It is mostly used by oil and gas companies for exploration and production (E&P) activities. OSV is operated by ship owners or by companies that take OSV on lease. In addition, OSV facilitates the maritime logistics operation for various other industries such as Subsea and Deep Water Mining.

Deepwater production and exploration activities and investments by emerging economies in offshore exploration will drive the offshore support vessel market.

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Over the next five years, RFM(Research for Markets) projects that Offshore Supply Vessel (OSV) will register a 8.3% CAGR in terms of revenue, reach US$ 25000 million by 2023, from US$ 15500 million in 2017.

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Swires, Maersk Supply Service, Farstad Shipping, Hornbeck, Edison Chouest, Tidewater, Bourbon Offshore, DOF, Cosl, Island Offshore Management, Gulf Mark and Havila Shipping.

Oil & gas exploration and production activities are being carried out, both onshore and offshore, worldwide. The offshore oilfield business consists of the survey, exploration, construction, production, maintenance, upgradation of production facilities, and decommissioning. The activities at various stages of the oilfield lifecycle require different types of specialized offshore support vessels (OSV), which are suited for the project needs.

The offshore supply vessel market has been segmented into vessel type, depth, and region. The market has been further segmented, by vessel type; into anchor handling tug supply vessels, platform supply vessels (PSV), multipurpose support vessels (MPSV), and standby and rescue vessels, crew vessels, chase vessels, seismic vessels, and others. The AHTS vessels segment accounted for the largest share, 45% of the market in 2017, AHTS vessels are principal support vessels used for towing, anchoring, and supplying equipment to drilling rigs and production platforms, making them the largest segment of the Offshore Support Vessel Market. Demand for offshore drilling is projected to recover slowly, particularly in deepwater fields as oil prices stabilize, thus, helping the AHTS market.

On the basis of depth, the market has been segmented into shallow water and deepwater segments. The application of offshore support vessels in shallow water projects is estimated to lead the market, in terms of market value share of 70.7% in 2017. The shallow water basins in the Middle East, Asia-Pacific, Europe, and North America will play a major role in driving the Offshore Support Vessel Market. Shallow water operations are typically less expensive compared to deepwater operations. Thus, recovering oil prices will lead to a faster increase in offshore activity in shallow water basins compared to deepwater ones.

The OSV market is less concentrated, various enterprises have invested in fleet expansion, so as to replace older vessels, and enhance their position in global market. Key players in offshore support vessel market include Edison Chouest, Tidewater, Bourbon Offshore, DOF, Swires, Maersk Supply Service, Farstad Shipping, Hornbeck, Cosl, Island Offshore Management, Gulf Mark and Havila Shipping.

This report presents a comprehensive overview, market shares, and growth opportunities of Offshore Supply Vessel (OSV) market by product type, application, key manufacturers and key regions.

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To calculate the market size, Research for Markets considers value and volume generated from the sales of the following segments:

Segmentation by product type:
· Anchor Handling Tug Supply
· Platform Supply Vessel
· Multipurpose Support Vessel
· Standby & Rescue Vessel
· Others

Segmentation by application:
· Shallow Water
· Deep Water

This report also splits the market by region:
· Americas
· APAC
· Europe
· Middle East & Africa

Research objectives
· To study and analyze the global Offshore Supply Vessel (OSV) consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
· To understand the structure of Offshore Supply Vessel (OSV) market by identifying its various subsegments.
· Focuses on the key global Offshore Supply Vessel (OSV) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
· To analyze the Offshore Supply Vessel (OSV) with respect to individual growth trends, future prospects, and their contribution to the total market.
· To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
· To project the consumption of Offshore Supply Vessel (OSV) submarkets, with respect to key regions (along with their respective key countries).
· To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
· To strategically profile the key players and comprehensively analyze their growth strategies.

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Note: If you have any special requirements, please let us know and we will offer you the report as you want.

Contact Info:
Name: Research For Markets
Email: alan.naidu@researchformarkets.com
Phone: +44 8000-4182-37

Research For Markets indulge in detailed and diligent research on different markets, trends and emerging opportunities in the successive direction to cater to your business needs. We have established the pillars of our flourishing institute on the grounds of Credibility and Reliability. RFM delve into the markets across Asia Pacific, North America, South America, Europe, Middle East And Africa.

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